GD196

Guys i had an accident a while back i was not found at fault, Right now i am not under my brothers policy but I own the car and its insured only under my brothers name to save money. Now after the accident Geico has sent me a questionaire that I must fill out to add myself to the policy, Do i have to do this? since the claim has been finished and everything was already finalized? I am not a driver under the vechile I would like to add myself but I have 8 points because of one stupid mistake and im only 20 so i think its going to be a real bitch to afford since im already paying for the car myself.

Thanks a lot

louisn

You insured "YOUR" car under your brother's policy. How did you do that?
I'm surprised they paid the inititial claim.

GD196

He also co signed with me the registration and insurance is under his name and the title is under my name

dfv3.2CL-S

iTrader: (1)

You dont need to do it. Look at it this way, lets say your brother lend the car out to a friend and he recks the car, the insurrance will still cover brother/car and will cover the driver. Will they want your brother's friend to be on the policy after the accident? I dont think so. The only risk your brother carries is the possibility of having a lawsuit against him from the second party involve in the accident.

SiGGy

Bad idea, if you *own* the car, hit someone and get sued. You personally are liable then...

Regardless of who owns the policy, the owner of the car is still responsible to what damages the car inflicts.

Welcome to the good ol'e U S Of A.

get sued for anything...

r10apple

Well, SiGGy is the most right of all of you...
Technically, an insurance carrier can deny ANY claim for a vehicle that is not OWNED (meaning the title) by the policyholder. It's called a non-insurable interest. Larger carriers like State Farm will grant some exceptions for DEPENDENTS residing in the same household or away in school, but not a brother with a lot of points. Secondly, if any of you "regularly" drive someone elses vehicle and it ends up being uninsured, your OWN policy likely will not apply to that vehicle...
States vary on whether the owner's or driver's policy is primary or excess for a claim, but you run into trouble when you aren't insuring your own car...
Hate to say it, but you gotta pay to play...

'03CL&'03AV6EX

The policy covering the car can be voided by the insurance company as your bother has no insurable interest in your vehicle. Co-signing a loan does not = insurable interest. No company, if they have knowledge, will pay a claim under these circumstances. You should get coverage or be prepared to pay fines etc, that will cost much more than any insurance policy.

GD196

My brother and myself live in the same household if that helps somehow. I just cant imagine the amount i will have to pay if im a driver its crazy!!!

louisn

IMO the fact you are living with him makes it even worse. He has no insurable interest and you drive and own the car. Think about the jeopardy you will be as well as your brother with a serious wreck. Everyone would do what you're doing to avoid premiums and higher rates for young and unsafe drivers. I recommend you stay off the roads until you get a valid policy. Common Sense!!!

Titand19

TAKE DEFENSIVE DRIVING!!!!

GD196

Tit I took defensive driving about a year ago when i had no points for 10% off but that didnt really help are there any other classes i can take or must i wait?

elliot

Sounds to me like you bought a car you can't afford.

CO-CL-S

What Louisn said..